Update on DamarisDamaris is 48 years old and lives with her husband and three children in the Fray Casiano, Puntarenas zone. It’s a poor neighborhood with many limitations. [Damaris] is a person with many desires of getting ahead. She has been making arts and crafts for the past ten years. She is constantly teaching herself so that she can offer high quality products to her customers. Aside from decorations, she makes quality purses, covers for appliances, bath articles, and products for birthday parties, first communions, and baptisms. She is well known in the zone for being dedicated to this work and so she is not in need of customers during the year.
She began by buying a small amount of items with her husband’s help, began training herself and improving her techniques. She diversified her production, increasing her number of customers, and improving her income. The goal for this loan is to buy supplies and some tools. Schools from the area seek her out to make things for school parties due to the quality of her work.
She works throughout most of the day and her daughter is in university. Her younger children attend school. Her first daily task is to prepare food for them so they can go to school. Given the great quantity of orders, she works into the night. She does her work by hand but once the machine is repaired things will speed up and she can increase her production and spend more time with her family.
Her main obstacle has been lack of capital, but this loan will allow her to have the money she needs to buy supplies and increase her production and reach her dream of fixing up her hose. She repaid her first loan and wants to continue having support from Fundación Mujer and Kiva so she can support her children’s educations.
Damaris tiene 48 años de edad vive con su esposo y 3 hijos en la zona de Fray Casiano, Puntarenas, es un barrio pobre y como muchas limitaciones. La clienta se presenta como una persona con muchos deseos de superarse, se dedica a la elaboración de manualidades y artesanías desde hace 10 años. Ella está en constante capacitación para ofrecer a sus clientes productos de mayor calidad. Además de adornos, elabora bolsos, ropa para artículos electrodomésticos y para el baño y productos para fiestas de cumpleaños y otras actividades como primera comunión y bautizos, manejando productos de calidad, es ampliamente conocida en la zona por dedicarse a este trabajo, por lo que no le falta clientela durante el año.
Inició comprando una pequeña cantidad de material con ayuda de su esposo hace 10 años, empezó a capacitarse y mejorar las técnicas y por ende diversificar su producción, aumentando su clientela y mejorando sus ingresos, el objetivo de este préstamo es comprar materia prima y algunas herramienta, ya que dada la calidad de su trabajo la buscan de escuelas y colegios de la zona para elaborar materiales alusivos a fiestas del calendario escolar.
Ella se dedica a su trabajo durante la mayor parte del día, su hija mayor está en la Universidad y los menores de edad se encuentran estudiando, por lo que su primer labor del día es prepararles la comida para que vayan al colegio y escuela, debido a la gran cantidad de encargos trabaja hasta altas horas de la noche, ya que realiza el trabajo de forma manual, pero una vez reparada la máquina este se agilizará incrementando así su producción y el tiempo que comparte con su familia.
La limitante principal ha sido la falta de dinero, pero esta oportunidad de crédito le va a permitir contar con capital para comprar materia prima y poder así incrementar su producción, y cumplir así el sueño de arreglar su casa. Ella canceló su primer préstamo y desea continuar teniendo el apoyo de Fundación Mujer y KIVA para apoyar a sus hijos en el estudio.
Previous Loan DetailsDamaris is 47 years old and lives with her husband and three children in the Fray Casiano, Puntarenas zone, a poor neighborhood with many limitations. She’s been doing arts and crafts for 10 years and presents herself as being someone with a great desire to succeed. She constantly trains to off... More from Damaris's previous loan »
More information about this loan
In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.
About Fundacion Mujer:Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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